2024 TRY to ZAR Historical Review

YEARLY HIGH

0.6347 ZAR

YEARLY LOW

0.5005 ZAR

YEARLY AVERAGE

0.5591 ZAR

2024 TRY to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 0.6347. Conversely, the yearly low was recorded on September 29, dropping to 0.5005.

This high-to-low spread represents a total annual volatility of 0.1342 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.6231 to the December average rate of 0.5211, the exchange rate registered a net change of -16.37% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6347 was down 35.90% compared to the 2023 peak of 0.9902, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 31,733 ZAR

2023 Average 39,862 ZAR

Yearly Trough Low 25,023 ZAR

Transaction Impact: A difference of 6,710.37 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6341

0.5019

JanuMarcMayJulySeptNove

TRY to ZAR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.5913, compared to 0.5269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0644 points.

H1 Avg (Jan–Jun) 0.5913

H2 Avg (Jul–Dec) 0.5269

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0403 ZAR (High: 0.5873 / Low: 0.5470). On the other end, October was the most stable month, with a tight range of 0.0122 ZAR (High: 0.5191 / Low: 0.5069).

June Spread (Volatile) ±0.0403

October Spread (Stable) ±0.0122

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0292 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0292

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.6231) against the same month in 2023 (average: 0.9093), the exchange rate shifted by -0.2862 (-31.47%).

2024 Avg (January) 0.6231

2023 Avg (January) 0.9093

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6347	0.6079	0.6231
February	0.6259	0.6093	0.6174
March	0.6078	0.5767	0.5882
April	0.5939	0.5723	0.5836
May	0.5829	0.5606	0.5705
June	0.5873	0.5470	0.5647
July	0.5715	0.5426	0.5537
August	0.5593	0.5204	0.5361
September	0.5282	0.5005	0.5165
October	0.5191	0.5069	0.5129
November	0.5308	0.5037	0.5210
December	0.5349	0.5077	0.5211